Entrepreneur (Canada) stated in a story, “The sanctions implemented against Russia and Belarus in connection with the war against Ukraine have caused many nations to reconsider their supply chains. Potash, a key mineral in agriculture, is one of many resources impacted by this shakeup.”
The International Food Policy Research Institute (IFPRI) has noted disruptions to the global fertilizer market as a result of the war in Ukraine. Food costs and fertilizer prices have skyrocketed, reaching record-high levels in 2022. To make matters worse, this occurred when fertilizer prices had already reached historical levels due to pandemic-related supply issues.
Read additional findings from IFPRI in the article.